Compliance & Regulation

How can the mortgage banking industry prepare, based on lessons from these previous storms, and protect themselves if and when this happens again?

Banco Popular de Puerto Rico completed the sale of a $438 million portfolio of nonperforming residential mortgage loans at a loss.

Fitch expects the data to be of interest as the agencies’ regulators have directed them to test nonagency risk-sharing transactions this year.

Roughly in step with other markets, structured finance pricing and issuance in June was governed by questions of how quickly the Federal Reserve would rein in its asset-buying spree.

A credit union vice president joins those expecting the second half of 2013 to bring a slow but steady increase in mortgage rates.

Bank of America Corp. opened a unit in India to review home-valuation reports as it seeks to rebuild share in U.S. mortgages at a lower cost.

The Home Valuation Code of Conduct's spirit lives on with “Appraiser Independence Requirements” and amendments to the Truth in Lending Act.

Citigroup will continue servicing the covered loans and the agreement does not release the fourth largest U.S. servicer from servicing liability on those loans.

A new plan introduced by a diverse group of housing experts defines several goals deemed essential to the future housing finance system, and terminating some government-sponsored entities is one of them.

The former vice president of lending at Members Choice CU pleaded guilty to creating $340,000 of loans in unwitting members’ names that he used to pay his credit card bills, his taxes and for home improvements.